AI Risk

AI Risk: Advanced Technology Adoption Requires Stronger Data Governance

by Eric Krell | May 2, 2021 | Data & Cybersecurity

The risks and rewards of artificial intelligence (AI) and other advanced technologies were on vivid display in the Wall Street Journal’s April 22 print edition. It’s not too late for third party risk management (TPRM) teams to track down the issue given the growing importance that their data gov ....

spotlight data governance

Spotlight on Data Governance - Data Privacy and Third Party Risk in 2021

by Linnea Solem, Adam Stone | April 23, 2021 | Data & Cybersecurity

At this year’s annual Shared Assessments Program Summit, Program Advisory Board and Board Risk Committee Members Linnea Solem and Adam Stone led a Privacy Breakout session on critical privacy and data governance developments in 2021 and the components most critical to effective third party risk ma ....

third party risk portals

Third Party Risk Portals and Repositories

by Marya Roddis, Kaelyn Lewis, Tony Manley | April 19, 2021 | Third Party Risk Management

Shared Assessments’ Best Practices Awareness Group weighed the pros and cons of Third Party Portals and Repositories. The portals and repositories under discussion are web applications controlled, owned, and managed by a third party where organizations upload and deposit due diligence documents fo ....

connect cont

Continuing to Connect - Shared Assessments Summit Day 2

by Sabine Zimmer | April 19, 2021 | Shared Assessments Summit

Summit day two was host to inspirational keynote speakers on cybersecurity and privacy, insightful panels on TPRM regulation and supply chain resilience, and case studies on developing more effective TPRM practices. (For a recap of Summit Day 1, see this post.)  Nation State Cyberattacks Erin Joe ....

Summit Connect

Summit 2021 - A Focus on Connection

by Sabine Zimmer | April 14, 2021 | Shared Assessments Summit

Shared Assessments’ 14th Annual Summit began with a welcome from Catherine A. Allen, Founder, Chairman and Interim CEO. 2021 is the 25th anniversary of the Santa Fe Group - both the Santa Fe Group and Shared Assessments remain firmly rooted in experience and connection, taking a community-based ap ....

Nth Party Suppliers

Nth Party Suppliers – Gaining a Toehold on Down Chain Providers

by Kaelyn Lewis, Brenda Ferrraro, Angela Dogan | April 5, 2021 | Business Continuity, Supply Chain

Supply chain sovereignty depends on a high degree of visibility into Nth Party Suppliers in order to identify critical dependencies and then apply a consistent set of principles for monitoring of parallel (redundant) processes and other elements required for resilience across both inbound and outbou ....

Nth Party Metrics

Nth Party Metrics to Recognize and Mitigate Risks in Vendor Chains Supporting Critical Services

by Alpa Inamdar, Laura DeWert, Brenda Ferrraro, Kaelyn Lewis, Sri Kaza, John Bree | April 4, 2021 | Forth Party Risk, Third Party Risk Management

Identifying key metrics can be a thorny proposition. In order to meet the expanding definition of fourth/Nth parties as “material,” it is essential on a practical level to use metrics that are viable and have a measurable scope for assessment and monitoring to improve visibility into down chain ....

container ship

How to Prevent Third Party Risk Management from Running Aground

by Eric Krell | April 2, 2021 | Third Party Risk Management

Before the massive container ship Ever Given was dislodged from the banks of the Suez Canal, the event captured global attention and triggered enlightening refresher courses on supply chain risks, logistics innovations, scenario planning, maritime risks, politics, history and even physics. The Suez ....

crisis communications

Crisis Management and Communications: Prepared Makes Perfect

by Teresa Lindsey | March 28, 2021 | Business Continuity, Business Resiliency, Incident Reponse

While the scope and nature of an organizational emergency is hard to predict, between the COVID pandemic, the SolarWinds Cyberattack and innumerable ransomware attacks, modern times demonstrate that emergencies are guaranteed to arise. “In today’s fast-moving, electronic world, your reputation c ....

Virtual Management

Manage Up to Make Virtual Assessments Succeed

by Eric Krell | March 25, 2021 | Virtual Assessment

In virtual assessments management and in sports, the most important determinants of success tend to reside just outside the boundaries of general awareness. Teams win championships not only because of the players’ talent and experience and the coaching staff’s aptitude, but also due to the uniqu ....

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